Ontario, Canada-based medical marijuana producer Maricann says it will spend $8.5 million to buy Haxxon AG, a Swiss hemp grower and processor specializing in CBD. Haxxon has a 60,000-square-foot facility in Regensdorf, near Zurich. Maricann said it will pay $2.1 in cash and the rest in stock. The company said it hopes to wrap up the deal by the end of March. Haxxon makes hemp CBD products such as vape cartridges and “nobacco” hemp cigarettes. Maricann trades on the Canadian Securities Exchange.

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Canadian firm looks to buy Swiss CBD operationHempToday

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